Equity Weekly Report Ways2Capital 27 April 2015

INDORE, India - April 29, 2015 - PRLog -- NSE - WEEKLY NEWS LETTERS

✍Steel Strips Wheels Q4 net profit at Rs. 11.9 crore - Steel Strips Wheels Ltd has announced the following results for the quarter & year ended March 31, 2015. The company reported net profit of Rs. 11.9 crore in Q4 FY15 against Rs. 4.3 crore. During the period under review, the company's Total Income stood at Rs. 294 crore Vs Rs. 302.7 crore (YoY). The Board of Directors of the Company at its meeting held on April 24, 2015, inter alia, has recommended, subject to the approval of shareholders, dividend of Rs. 2/- per fully paid up equity shares of Rs. 10/- each.

✍Cairn India Q4 net loss at Rs. 241 crore - Cairn India Ltd has posted a net loss of Rs. 2,408.20 million for the quarter ended March 31, 2015 as compared to net profit of Rs. 3,0354.40 million for the quarter ended March 31, 2014. Total Income has decreased from Rs. 52,128.20 mn for the quarter ended March 31, 2014 to Rs. 28,664.80 million for the quarter ended March 31, 2015. The Audited Consolidated results for the Year ended March 31, 2015 The Group has posted a net profit of Rs. 44796.00 million for the year ended March 31, 2015 as compared to Rs. 124317.90 million for the year ended March 31, 2014. Total Income has decreased from Rs. 202644.10 million for the year ended March 31, 2014 to Rs. 164554.70 million for the year ended March 31, 2015. The company has recommended the Final Dividend of Rs 4/- per Equity share for the year ended March 31, 2015. The Final Dividend, if declared by the shareholders at the ensuing Annual General Meeting will be paid by August 07, 2015.

✍ Gujarat Gas Q4 PAT at Rs. 62.6 crores - Gujarat Gas Company Ltd has announced the following results for the quarter & year ended March 31, 2015. The Un-Audited Consolidated results for the Quarter ended March 31, 2015 The Group has posted a net profit after taxes and minority interest of Rs. 626.70 million for the Quarter ended March 31, 2015 where as the same was at Rs. 492.70 million for the Quarter ended March 31, 2014. Total Income is Rs. 5643.90 million for the Quarter ended March 31, 2015 where as the same was at Rs. 7939.70 million for the Quarter ended March 31, 2014. The Audited Consolidated results for the Year ended March 31, 2015

The Group has posted a net profit after taxes and minority interest of Rs. 3137.80 million for the year ended March 31, 2015 where as the same was at Rs. 4186.10 million for the year ended March 31, 2014. Total Income is Rs. 25928.20 million for the year ended March 31, 2015 where as the same was at Rs. 39930.30 million for the year ended March 31, 2014. "The previous Financial Year that began on January 01, 2013 had been extended by a period of three months, to close on March 31, 2014, so that the Financial Statements giving effect to such extension had been compiled for a period of 15 months from January 01, 2013 to March 31, 2014. Hence, the current period's results for 12 months ended on March 31, 2015 are not comparable with the previous period's results for 15 months ended on March 31, 2014.

✍Bharti Airtel stock up 1% on block deal - Shares of Bharti Airtel Ltd were trading higher 1% at Rs. 402 on BSE today. Around 50 lakh shares were traded in a single block at Rs. 400 on the NSE. The stock opened at Rs. 400 as against the previous close of Rs. 399.85 on NSE. It has hit a high of Rs. 403.20 and a low of Rs. 395 on NSE today. Total traded quantity on the counter stood at over 64.8 lk shares on NSE.

✍Reliance Capital rebounds after signing MoU - Reliance Capital recovered all-the-losses and rebounded into the positive zone in late morning deals on the BSE, on the back of positive news flow. According to a release issued by the company to the BSE, Reliance Capital Asset Management today announced that it has signed a Memorandum of Understanding (MoU) for Strategic Alliance with Samsung Asset Management, Korea.


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